First time investor for real estate

[Jay Shah]

Hi all

I have gathered money and courage to do my first real estate investment. I can not afford in my local area so I have selected Austin round rock . I have visited and short listed areas but I keep getting confused. So want some local help. Goal is to get 0-100$ cash flow with some price appreciation in 5-7 years.

-is condo a worth buy there or is considered not good for renting out ? I see some in brushy creek area in my affordable range which has great schools.

-I also see new home development near dell from kb homes green lawn village in my range but schools not good .

Apart from that, I wanted to know how is others experience in renting it out after buying in that area? Does it get rented out easily in current time ? If not then What are the factors I should keep in mind while selecting my property in that area so that it gets rented easily ?

[Reid Sullivan]

If your goal is appreciation and some cash flow your focus should be on the Round Rock, Georgetown, Leander area. As Apple builds its new campus and Dell continues to expand that "tech belt" is prime for rental properties. Don't expect to hit the 1% in that area, plan for a 0.8-0.9%.